BEIJING (AP) — Asian stock markets followed Wall Street lower Monday after the Federal Reserve indicated it might raise interest rates more aggressively to cool U.S. inflation. Shanghai, Tokyo, Hong Kong and South Korea all declined. Oil fell more than $2 per barrel amid concerns global economic growth might weaken. Investors are uneasy about possible…
(Reuters) -Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% stake on April 4 and said he plans to bring about significant improvements at the social media…
SHANGHAI (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc delivered 65,814 China-made vehicles in March, up 16% from the previous month, data from the China Passenger Car Association showed on Monday. But production at Tesla’s Shanghai factory, 55,462 cars, was only 154 units higher than in February, a shorter month during which workers usually…
(Reuters) – Elon Musk, Twitter Inc’s biggest shareholder, has decided not to join the social media company’s board, the company’s Chief Executive Parag Agrawal said in a tweet on Sunday. (Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Arun Koyyur)
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday ahead of a week packed with central bank meetings and U.S. inflation data, while the euro eked out a gain on relief the far right did not win the first round of the French presidential elections. French leader Emmanuel Macron and far right challenger…
SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc sold 65,814 China-made vehicles in March, data from the China Passenger Car Association (CPCA) showed on Monday. CPCA said passenger car sales in March in China totalled 1.61 million, down 10.9% from a year earlier. (Reporting by Zhang Yan, Brenda Goh; Editing by Christopher Cushing)
By Florence Tan (Reuters) – Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude fell $2.04, or 2%, to $100.74 a…
FRANKFURT (Reuters) – Drugmakers on Monday pledged to speed up the market launch of new drugs in underserved EU member states in a bid to avert stricter regulation by Brussels. European Federation of Pharmaceutical Industries and Associations (EFPIA) said in a statement on Monday its members pledge to file for reimbursement by national health systems…
By Tom Westbrook SINGAPORE (Reuters) – The euro made a firm start to the week on investor relief that incumbent Emmanuel Macron led first-round voting in the French presidential election, while other moves were slight ahead of central bank meetings in Europe, Canada and New Zealand. The euro briefly flickered as high as $1.0955 in…
(Reuters) – Oil prices slipped in early Asian trading, following the second straight weekly decline after world consumers announced plans to release crude from strategic stocks and as Chinese lockdowns continued. As of 2202 GMT, Brent crude fell 38 cents to $102.40 a barrel while U.S. crude lost 16 cents to $98.18. Last week, Brent…
